Arizona Real Estate License Practice Exam 2026 - Free Real Estate Practice Questions and Study Guide

To determine the assessed value of a residential rental property in Glendale, it is important to know the assessment ratios applied in that area. In Arizona, the assessed value for residential properties is typically calculated by multiplying the market value by a specific assessment ratio that is determined by state law.

For residential properties, the assessment ratio is generally set at 10% of the market value. Thus, you would find the assessed value by taking 10% of the given market value of $225,000.

Calculating 10% of $225,000 yields $22,500, which represents the assessed value of the property for tax purposes. This figure reflects a common practice in many jurisdictions that aim to reduce the taxable value of residential properties to encourage home ownership and investment in real estate.

The other potential values mentioned do not align with the standard assessment ratio for residential properties in Arizona and would therefore not be accurate assessments for this scenario.